DLF
DFL Intraday Breakout on 15 MinutesPossibility 1:
As it seems to look like Inverted Head and Shoulder with Double Bottom. Why Double Bottom? As we can see consolidation after 12:15 PM, and ATR is also quite Weak. It might go down for previous Bottom of the chart. Then it will go up to test the Resistance 335.60 and come back to 335.60 and then will all power it'll break all the Resistance for the Ultimate Target of 342.50.
Possibility 2:
It will simple go up, and if it breaks the resistance between 335.60 to 336.60 for the target 342.50.
DLF - A Trade Set UpDLF given a break out above 325 & after breakout as expected strong move came till 359 & presently it is consolidating and further up move is expected in DLF by looking the positive chart structure. The DLF is expected to move till 380-390 levels in next 2-3 months time.
The contents posted here are only for Educational Purpose.
dlf wow setupevery stock move by taking supports of previous highs , this dlf took supports
various times on its previous highs by making good pullback .
this is very good sign of momentum stock
i hope this will come to 341(red line ) and reverse from here
price is moving like making stairs and standing on it to move next level
DLF: Deja vu close observed near resistanceDLF
This pattern occurs when two green days appear with equal closes in an uptrend. It might indicate a short term top has been reached.
- A new high was made today but there was no follow through buying, which bought it back to previous day's close.
- Interestingly this has happened near the high made in March 2021
- It could be a case of a good resistance price.
Explaining the pattern :
- The stock has been higher, as evidenced by strong green candle on 18th July (previous day).
- The next day, the stock opens lower but then it recovers back, tests the previous day's high but eventually closes at the same / similar price as previous day. This is possibly an indicative of short term resistance and may cause much concern with the bulls.
Entry can be considered when midpoint of previous day's green candle is broken.
SL can be kept at the highest point of last 2 trading sessions
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- the last 2 days F&O volume has been the highest in this series and is almost 3 times the average volume of previous 16 trading sessions
- however the Open Interest has not increased at all.
Which prima facie, suggests change of hands, rather than fresh buying interest.
F&O strategy for the given set up
Consider selling July expiry 340 Call option between 5 - 7.5
Closing price is 6.05
If selling at 5, The strategy will have a max profit potential of Rs 16500/- per lot till 29 July.
More importantly, it would have an inbuilt loss protection for a rise up to 345 till expiry.
Trust you find the overall analysis useful.
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🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade